Everything You Need to Know About Finding Self Storage in Lawrence, MA
Just starting your Lawrence self storage search? There are a few things you should know. Storage unit prices and availability in Lawrence are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. In order to give you a better idea of these factors in Lawrence, we pulled in data from the US Census.Self Storage and Moving in Lawrence, MA
Many people use storage as part of their move, so if there are many people moving to Lawrence, you might expect storage prices to be higher and unit availability to be lower. Population changes over time are one way of gauging the amount of moving activity in Lawrence. According to the US Census, the Lawrence metro area's population grew from 76,521 in 2010 to 78,197 in 2014, a growth rate of 2.19%.Self Storage and Real Estate in Lawrence, MA
Vacancy and occupancy rates in the Lawrence housing market can help us gauge the demand for living space and thus self-storage space in Lawrence, and may hint at storage availability and pricing. If there's low vacancy rates in Lawrence housing, there's likely low vacancy at Lawrence storage facilities. This would allow storage facilities in Lawrence to charge higher prices for their units. 7.2% of housing units in Lawrence are vacant according to the US Census, while 92.8% are occupied. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Lawrence may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Lawrence than in other cities.